Just to confirm. Isn't that 'Enterprise', 'Business Consulting (those who are able to produce degree certs and above can apply)', 'Business Management & Services' are just a name for sole proprietorship? I'm not too sure about Trading.

From what I know, sole proprietorship's accounts need not be audited.

How about Incorporated, Corporation, Holdings, International?

Any experts can answer my question before? Plus is it a must that a sole proprietor have to submit their accounts? A sole proprietor need to register for a separate income tax?

I know that sole proprietor doesn't need their accounts to be audited, but are they required to hand in the accounts?

So you're saying we don't have to apply for 2nd income tax for the sole proprietor business?

Got it. How about non-audited accounts? Let's say we are earning money from sole proprietor, don't we have to let SSM/whichever relevant authority know about it? Or we don't have to let them know?

When a Sdn. Bhd. needs to close down, they'll have to post on newspapers and many other procedures. What about sole proprietor then? What needs to be done to convert a sole proprietor to Sdn. Bhd.?

This post has been edited by AnimeAsia: Jun 1 2006, 05:41 PM